Epoch Investment Partners Inc. bought a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 481,836 shares of the business services provider’s stock, valued at approximately $19,572,000. Epoch Investment Partners Inc. owned 0.65% of Healthcare Services Group as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in HCSG. Brookstone Capital Management purchased a new position in Healthcare Services Group in the 2nd quarter worth about $203,000. Signature Financial Management Inc. purchased a new position in Healthcare Services Group in the 2nd quarter worth about $216,000. Eqis Capital Management Inc. purchased a new position in Healthcare Services Group in the 2nd quarter worth about $222,000. Quantitative Systematic Strategies LLC purchased a new position in Healthcare Services Group in the 2nd quarter worth about $253,000. Finally, Tower Research Capital LLC TRC increased its stake in Healthcare Services Group by 283.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,614 shares of the business services provider’s stock worth $269,000 after purchasing an additional 4,890 shares in the last quarter.
NASDAQ:HCSG opened at $41.68 on Friday. Healthcare Services Group, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $56.20. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 42.91 and a beta of 0.73.
Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, October 16th. The business services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. The business had revenue of $506.90 million for the quarter, compared to analysts’ expectations of $510.27 million. During the same period last year, the firm earned $0.31 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, November 21st. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is 65.55%.
In other Healthcare Services Group news, Director Dino D. Ottaviano sold 700 shares of Healthcare Services Group stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $46.98, for a total transaction of $32,886.00. Following the transaction, the director now owns 1,244 shares of the company’s stock, valued at approximately $58,443.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Moss sold 2,000 shares of Healthcare Services Group stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $47.55, for a total value of $95,100.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $95,100. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,701 shares of company stock worth $347,780. Company insiders own 1.00% of the company’s stock.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. ValuEngine cut Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Jefferies Financial Group set a $53.00 price target on Healthcare Services Group and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. BidaskClub raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, Stephens assumed coverage on Healthcare Services Group in a research note on Tuesday, October 2nd. They issued an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $46.00.
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About Healthcare Services Group
Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.
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